Tag Archives: BTCEUR

Tim Wu – a leading antitrust expert at the White House – owns between $1 and $5 million in bitcoin. His crypto investment represents the largest chunk of his portfolio. The Critic Turned out to Be a HODLer According to Politico, Tim Wu – who is also an attorney and a legal scholar – holds Bitcoin at least $1 million, representing between 25% and 43% of his total assets. He also holds between $100K and $250K worth of Filecoin (FIL). It is worth noting that the 49-year-old...

With the latest price fluctuations with BTC’s price, it’s worth reviewing how different investors are interacting with their holdings. From one side, centralized exchanges saw the largest daily withdrawal in the year, but, on the other, Bitcoin-related products saw the most significant outflows worth $141 million. Largest BTC Withdrawals This Year By outlining data from Glassnode, Lex Moskovski, the Chief Investment Officer at Moskovski Capital, showed the recent spike in...

The United States Department of Justice said that it recovered over $2 million worth of bitcoin, which was the majority of the ransom paid by the U.S. oil pipeline giant Colonial Pipeline to cybercriminal group DarkSide. DoJ Recovers 63.7 BTC The DoJ made the announcement in a press release on Monday (June 7, 2021). According to it, the department retrieved 63.7 bitcoins, worth $2.1 million, at the time. The operation was undertaken by the Ransomware and Digital Extortion...

After a few days of sideways trading, bitcoin fell hard by losing almost $5,000 of value in less than a day. The rest of the market followed suit as Ethereum slumped by $400 to an eight-day low. Bitcoin Dumped to Lowest Level Since May 24th The past few weeks have been somewhat unusual for the primary cryptocurrency. During the previous weekend, BTC dumped beneath $33,500, but it used the workweek to regain all losses. It failed at breaching $40,000, dropped by a few thousand...

Bitcoin fell by a sharp 10% today as it lost over $5000 over the past 48 hours. The primary cryptocurrency was trading inside a symmetrical triangle pattern since the market capitulation took place in mid-May when BTC fell by 50% from a high of $59,600 to a low of $30,000 in just nine days. Since then, BTC traded inside the consolidation phase for a total of eighteen days until it broke the lower boundary of the triangle yesterday. This can be clearly seen on the following...

Kevin O’Leary, who recently allocated 3% of his portfolio in BTC, has no plans to sell his coins anytime soon, the millionaire told CryptoPotato in a recent exclusive interview. He also noted that 2021 is a pivotal year for Bitcoin as more and more institutions are looking to enter the space but are wary of energy consumption concerns. Kevin O’Leary during Bitcoin 2021 Conference. Image by: CryptopotatoO’Leary In Bitcoin For The Long Run The 66-year old O’Leary is a...

Despite calling them volatile and energy-intensive to use as a means of payment, the Indian tech executive Nandan Nilekani advised the local government to accept cryptocurrencies as an asset class. He opined that the move would boost the country’s economy. Crypto Like a Commodity In a recent interview for the Financial Times, the Indian billionaire Nandan Nilekani – co-founder and chair of Infosys – appealed to the local authorities to embrace cryptocurrencies as an asset...

Former President of the United States Donald Trump has said that he is not a fan of bitcoin because of the threat the flagship cryptocurrency poses against the U.S. dollar. Donald Trump. Image by BloombergIn a telephone interview on Monday (June 7, 2021), Trump called bitcoin a scam because he did not like that the biggest cryptocurrency by market capitalization was competing against the U.S. dollar. According to the former U.S. President, the dollar’s hegemony status should...

Although MicroStrategy has already allocated more than $2 billion in the primary cryptocurrency, the business intelligence giant has no plans to stop buying. The firm announced plans to offer $400 million worth of senior secured notes due 2028 and to allocate the raised funds in BTC again. Ever since its initial purchase worth hundreds of millions of dollars in August 2020, the NASDAQ-listed software giant has only doubled down on its BTC involvement. The latest endeavor came...

Bitcoin’s consolidation continues as it’s trading exactly where it was a week ago. It had made a push higher toward the end of last week but got heavily rejected by the $38-40k zone, where it met resistance at the upper boundary of a symmetrical triangle pattern (as shown below). From there, BTC headed lower over the weekend, reaching $34,850 on Bitstamp, where it found support at the lower boundary of the same symmetrical triangle pattern. It has since bounced higher and it...